Business Directories

Zain announces key changes in Iraqi unit

Baghdad, April 12, 2010

Zain's Iraqi subsidiary, Zain-Iraq, has announced major changes in its operational management. As per this, Zain Iraq's entire mobile operation will be under the direct supervision of group CEO Nabeel Bin Salamah.

Zain Group said on Sunday that under a new decree, Wael Ghanayem, Zain-Iraq chief financial officer will be the acting CEO, while former Zain Iraq CEO Ali Al Dahwi will be a special advisor on Iraq operation affairs for Zain Group.

The decree was undertaken on the basis of the professional requisites of the Group and it was a normal corporate procedure that corresponds to companies' required future development, the company said in a statement.

'The current change does not preclude Zain Iraq from following suit all subtle steps envisioned by Al Dahwi while he was active in position to run Zain Iraq whose customers proudly reached 11 million and whose revenues are huge – a fact that has placed it on top of the Group operators,' the statement added.

Accordingly, Barrak Al Sabeeh has been nominated to be representative of Bin Salamah in managing the company presently, the company said.

'With these changes, Zain-Iraq will continue to be a pioneering company that undermines all difficulties that may arise due to the changing situations in Iraq. It will proceed on to give the best example of lucrative and successful foreign investment at the service of all Iraqi people,' the statement added.-TradeArabia News Service